Tag: #ByteDance
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Trump approves a deal for purchase of TikTok
Washington, 20th September: US President has said that he has approved the deal for the purchase of TikTok. According to reports of CNN News, President Donald Trump said on Saturday that he has approved a deal between TikTok’s parent company, ByteDance, and Oracle (ORCL) temporarily averting a ban on TikTok in US app stores. The…
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TikTok CEO Kevin Mayer steps down
New York, 27th August: TikTok CEO Kevin Mayer has stepped down from his position, citing ‘sharply changed’ political environment. According to reports from The Week, TikTok CEO Kevin Mayer announced early Thursday that he has stepped down from the company he joined just three months ago. TikTok sues Trump Administration Mayer, who was the head…
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TikTok sues Trump Administration
New York, 25th August: Chinese company TikTok has sued the Trump administration over the US ban. According to reports from the international media, TikTok sued the Trump administration in response to what it said is a ‘heavily politicized’ executive order that seeks to ban the short-form video app from the United States. The lawsuit alleges…
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Maker of China’s TikTok denies report of listing in HK
Shanghai, Oct 29 (AFP/APP): Chinese internet start-up ByteDance, whose globally popular app TikTok has raised US security concerns, on Tuesday denied reports that it was considering an initial public offering in Hong Kong in the first quarter of next year. ByteDance, which is said to be valued at up to $75 billion, was reported by…